Common Real Estate Terms

Learn the Lingo of Multifamily Investing – we are here to help!

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There are currently 6 names in this directory beginning with the letter M.
Market Rent
Market Rent is the rental rate that a property would command on the open real estate market.
Market Value
Market Value is the highest price a property would command in a competitive and open market.
Metropolitan Statistical Area (MSA)
MSA is an acronym for Metropolitan Statistical Area, an area encompassing a major city and the surrounding cities.
Mid-Rise refers to a building with 4 to 8 stories above ground. However, in a Central Business District, this might extend to buildings up to twenty-five stories.
Model Unit
A Model Unit is a unit used as a sales tool to show how the actual unit will appear in layout, amenities, and construction.
Multifamily Dwelling
A Multifamily Dwelling is a classification of housing where multiple separate housing units are within one building or a complex of several buildings. A common form is an apartment building.
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